Ninjatrader Review 2024
Minimum
deposit:
  • $50

Trading platform:

  • NinjaTrader
Regulation:
  • NFA

Ninjatrader Review 2024

Updated:
Updated: April 11, 2024

7.03

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $50

Trading platform:

  • NinjaTrader
Leverage:
  • Following the affiliates’ terms
Trading features:
  • Trade through affiliates

Summary of Ninjatrader Trading Company

Ninjatrader is a reliable broker with the TU Overall Score of 7.03 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ninjatrader clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. Ninjatrader ranks 14 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

Ninja Trader is a highly customized broker that will attract traders looking for direct entries to the US stock market.

Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.

💰 Account currency: EUR, USD
🚀 Minimum deposit: For futures - $400, for Forex - $50
⚖️ Leverage: Following the affiliates’ terms
💱 Spread: Following exchange specifications and affiliates' terms and conditions
🔧 Instruments: Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX
💹 Margin Call / Stop Out: By the affiliates’ terms

👍 Advantages of trading with Ninjatrader:

  • availability of algorithmic trading using proprietary systems; there are more than 850;
  • proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex).

👎 Disadvantages of Ninjatrader:

  • high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker);
  • the initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market;
  • the broker is tailored exclusively for the US futures and options markets;
  • a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required;
  • chat and phones contacts are missing;
  • there are cases of neglect of client risks. Ninja Trader was fined in 2014 by its regulator for irregularities under its rules.

Evaluation of the most influential parameters of Ninjatrader

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

6.50

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.70

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.50

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.00

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.10

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

8.30

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

8.80

/10

Trade with this broker, if:

  • You're keen on using NinjaTrader for your trading activities. This broker supports integration with NinjaTrader, offering a dedicated platform designed for it. This compatibility ensures smooth trading experiences for NinjaTrader users.
  • You prefer algorithmic trading. This broker has you covered with access to over 850 proprietary algorithms. These algorithms provide a wide range of trading strategies to suit various preferences and market conditions, allowing for more automated and systematic trading approaches.

Do not trade with this broker, if:

  • You want to refrain from high initial deposit requirement. While the initial deposit requirement starts at a reasonable $400, it's important to note that this amount doesn't cover fees associated with trading on the US stock market. Be prepared for additional fees beyond the initial deposit.
  • You look for broker with focus on countries other than the US, as this broker primarily focuses on the US futures and options markets. If your trading interests extend beyond these markets or if you prefer a more diversified portfolio, you may find limited options with this broker's market focus.

Geographic Distribution of Ninjatrader Traders

Popularity in

53.3%
US
United States
7.8%
MX
Mexico
4.5%
IN
India
2.7%
CA
Canada
2.1%
AR
Argentina
1.5%
AU
Australia
1.2%
IR
Iran
1.2%
CO
Colombia
0.7%
UY
Uruguay
15%
Others
Others

Video Review of Ninjatrader i

User Satisfaction i

17 comments
Total score:
6 /10

Share your experience

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renismarke
7 weeks ago

I requested a withdrawal from Ninja Trader at the end of the day and received my funds quickly without any delay or problem. I was pleasantly surprised by the transaction speed, especially considering that some companies delay payments for several months. Moreover, I make good profits trading on the Ninja Trader platform, which works flawlessly if you have trading experience, of course.

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bernadettet49fdktlat
2 years ago

Whether it is worth opening an account with Ninjatrader is a rhetorical question. Perhaps this makes sense for professional traders from the USA: the broker is regulated by the NFA, has been operating since 2003 and offers the use of ready-made trading systems, so for lovers of automatic trading, that’s it. There are no complaints about the functionality of the terminal. But at the same time, trading and non-trading costs ... To put it mildly, unprofitable. Not only is there a withdrawal fee, but taxes also need to be paid. For beginners and those who trade in small volumes, this is unprofitable. And finally: to trade futures in Ninjatrader, you need to deposit at least $400, for Forex - $50.

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sadgarden9
3 years ago

After a simple registration, I could choose a standard or demo trading account. By choosing a demo account, I received a deposit of 100,000 virtual dollars. So, you’ll be able to hone your trading skills and try out strategies without the risk of losing funds. Also, a demo account allows you to check the quality of services and the functionality of the platform. I have tried many brokers and Ninja Trader is the best so far. Execution is lightning-fast, there are no hidden fees, and they have unreal trading conditions. I need to have constant access to the trading platform. That is why a mobile application is a real catch. Thus, I can trade using my smartphone. At the moment, both versions for Android and iOS are available. The application allows you to see the activity feed of other traders in real-time, get acquainted with the cost of various financial instruments, track the status of a trading account and interact with other traders using a social network. I’m in the right frame of m

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wiyawi
3 years ago

They have an affiliate program that has been developed for active traders like myself who want to receive passive income. Thus, the client can advertise the project and receive a monetary reward for it. I love it. When I was undecided, this broker allowed me to trade and earn money. It was a breaking point. The platform provides services for online transactions in commodities, currencies, stocks, and indices. Users receive a financial platform that is suitable for both the professional and the beginner. Each trader needs to read the rules before registering. Moreover, tons of instruments are provided for traders. Besides, I liked that Ninja Trader has a demo account. The advantage of a demo account is that the client can try his hand and trade without the risk of losing funds. Also, for the convenience of traders, a mobile application was created that provides access to the platform 24/7. Break a leg, guys.

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sami
3 years ago

I have experience working with various brokers, and in the end, for one reason or another, I felt blue. I switched to this broker on the advice of a friend. I started trading here several months ago. I now trade on a real account. I have no complaints and I do not plan to switch from Ninja Trader. This broker meets my main requirements. And the technical support is running savoir-faire. If I need their professional help and sound advice, they will solve my problems.

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billylim
3 years ago

Ninja Trader is a definition of a solid broker. It has a user-friendly platform and interface. You need to have enough persistence and patience because only a small percentage of traders on the Forex market really make money. The broker boasts a great array of assets because the stock markets of the USA, Europe, and Asia are represented. They have not deceived me even once, unlike others; thus, I will continue trading here.

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arieleurene
3 years ago

It’s a phenomenal broker, I have been trading here for 2 years. I am keen on social trading, because while trading you can communicate with other traders, plus you can copy advanced traders’ transactions, thereby learning new strategies. For 2 years of fruitful cooperation, I’ve never been in the red, the only thing is that the order is not always closed on time. The platform works like a Swiss watch. One of the main advantages is the ability to monitor other traders’ activities and copy them.

Expert Review of Ninjatrader

NinjaTrader is a highly-specialized broker that opens up opportunities for traders to make money on the US derivatives markets. Ninja Trader is not offshore. Although the company is represented in more than 150 countries, it is focused on working with traders from the USA. Access to exchanges is through partner brokers.

NinjaTrader is aimed at professionals at high-entry thresholds and commissions. Transfer costs reduce the interest of novice traders in futures. The broker's platform is a universal tool for trading, analysis, and trading simulation. For algorithmic trading, more than 1000 systems have been developed with filtering by capital, risk diversification, performance, and other parameters.

The website of the company answers basic questions about derivatives trading, but English is required to learn the trading conditions. Ninja Trader is a reliable broker controlled by US regulators, which is why the company is rightfully included in the Traders Union Forex broker rating.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Ninjatrader News

11.04.2024
​Forex and derivatives brokerage NinjaTrader has released a new version of NinjaTrader – 8.1.3.0. The latest update of the platform includes a number

Dynamics of Ninjatrader’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

NinjaTrader investment programs are represented by automated trading systems. There are more than 1000 systems in the broker's arsenal.

Ninja Trader trading systems

Ninja Trader has developed professional automatic trading systems powered by algorithms that independently open trades on a client's trading account. Their features:

  • simultaneous use of several algorithmic systems on one account is allowed;

  • use of systems allows you to diversify risks using different markets and instruments;

  • for each system, data is presented: start date, ratio of profitable and unprofitable trades, profitability, profit factor, ROI, and other criteria by which they can be sorted and grouped.

Some systems have been in operation for over 10 years. After verification of the account, each person can connect to an unlimited number of systems making up a diversified portfolio. There is no commission for connecting to platforms. 

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Ninjatrader affiliate program

The broker is interested in attracting professional traders with large capital, aimed at long-term cooperation. Therefore, the channel of affiliate programs, which is more suitable for attracting novice traders, is not used.

Trading Conditions for Ninjatrader Users

Trading conditions for traders are quite tough due to high trading costs. In addition to brokerage fees, there are exchange rate fees and transaction costs

$50

Minimum
deposit

24/5

Support

💻 Trading platform: NinjaTrader, other client platforms
📊 Accounts: Futures account, Forex account, affiliates’ accounts
💰 Account currency: EUR, USD
💵 Replenishment / Withdrawal: Bank transfer, check, bank card, PayPal
🚀 Minimum deposit: For futures - $400, for Forex - $50
⚖️ Leverage: Following the affiliates’ terms
💼 PAMM-accounts: No
📈️ Min Order: According to exchange specification
💱 Spread: Following exchange specifications and affiliates' terms and conditions
🔧 Instruments: Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX
💹 Margin Call / Stop Out: By the affiliates’ terms
🏛 Liquidity provider: No data
📱 Mobile trading: No data
➕ Affiliate program: No
📋 Orders execution: Following the affiliates’ terms
⭐ Trading features: Trade through affiliates
🎁 Contests and bonuses: No

Ninjatrader Commissions & Fees

Information
Experts at Traders Union have analyzed NinjaTrader conditions for explicit and implicit fees. There are no hidden fees. Since the broker is an intermediary on the US and European stock exchanges, it is not responsible for the level of the spread and there is no data on the site. There are additional commissions of exchanges, banks, partners, and brokers-partners.
Account type Spread (minimum value) Withdrawal commission
Futures $50 for ‘mini’ contracts Yes
Options From $0,59

Comparative analysis of NinjaTrader commissions with other brokers was not conducted because the broker works through partners.

Detailed Review of Ninjatrader

Ninja Trader is one of the leading developers of trading software for the stock and foreign exchange markets. The second area of work is the provision of intermediary services for access to the leading stock exchanges of the USA and Europe.

A few numbers about Ninja Trader:

  • more than 60 thousand traders around the world;

  • more than 450 vendors;

  • coverage of countries - over 150.

Ninja Trader is a professional software developer for the stock markets.

 There is a mixed opinion about NinjaTrader. The presence of an NFA (0309379) license and direct access to the US and European stock exchanges is a definite advantage. But on the other hand, there is almost no information on the trading accounts and conditions on the broker's website. Ninja Trader is only an intermediary working through other brokerage companies. This can be judged by indirect facts , that is by the brokers indicated on the site acting as intermediaries to transfer money, and access technologies. Although there is no direct information that Ninja Trader is not listed on exchanges.

Due to the inflated commissions because of the intermediaries, it seems that Ninja Trader is a software developer for trading. Brokerage services are rather an additional type of activity, the purpose of which is to attract investors to test the developed platforms. Earlier this site had information about spreads and commissions, but now its information content is reduced to a minimum. It also remains unclear how Ninja Trader's trading conditions correlate with those of its brokers-partners.

Useful NinjaTrader services:

  • platforms Ninja Trader 7 and Ninja Trader 8 are the main promoted products of this broker;

  • a graphical analysis application that allows you to visualize markets and track order flows with market depth;

  • own APIs for trading platforms.

Advantages:

1

Ninja Trader platform is one of the best for the stock market in terms of functionality;

2

regulation of NFA, which is one of the most reputable regulators in the world.

How to Start Making Profits — Guide for Traders

NinjaTrader provides access to the Forex and derivatives markets.

Account types:

Account Type
Description
Futures account
minimum deposit USD 400;
Forex account
minimum deposit USD 50.

 It is possible to test some of the platform's functions for free.

Bonuses Paid by the Broker

There is no information on bonus offers.

Investment Education Online

Information

Ninja Trader positions itself as a stockbroker for professional traders, so there are almost no training materials on the site.

Information available in the Analysis and Education section
Unavailable information at Ninjatrader site
Instructions for working with NinjaTrader
About the essence and principles of derivatives trading
NinjaTrader Guides and Webinars
 
FAQs
 

Security (Protection for Investors)

Information

NinjaTrader is regulated by the US National Futures Association (NFA, 0309379).

👍 Advantages

  • NFA is one of the most authoritative regulators in the world
  • Segregation of accounts

👎 Disadvantages

  • Legal and financial barriers to resolving problematic issues

Withdrawal Options and Fees

  • Deposit and withdrawal of funds are carried out through the accounts of brokers-partners (inter-broker transfer) or wire transfer.

  • There are several options for depositing and withdrawing money: bank transfer, check, bank card, PayPal.

Customer Support Service

Information

There are several ways to contact support:

  • through the support services of brokers and partners;

  • by email;

  • via the chat forum;

  • using the feedback form.

Contacts

Foundation date 2003
Registration address 363 W. Erie Street, Suite 450, Chicago, IL 60654, Fax: 312.329.9888
Regulation
Official site
Contacts

Review of the Personal Cabinet of Ninja Trader

Before opening an account with Ninja Trader, be sure to register on the Traders Union rebate service website. It's free and will help offset some of the trading costs in the future.

Next steps:

1

Press the "Open an account" button on the main page of the site. Select the task for which the account is opened.

Ninja Trader Review - Open an account
Ninja Trader Review - Open an account
Ninja Trader Review - Open an account
2

Select a country. Ninja Trader does not provide direct services, therefore, to open an account, you need to follow the link to the broker-partner’s website and open an account with it there.

Ninja Trader Review - Select a country
Ninja Trader Review - Select a country

Note: There is no personal account on the Ninja Trader website.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Ninjatrader rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Ninjatrader you need to go to the broker's profile.

How to leave a review about Ninjatrader on the Traders Union website?

To leave a review about Ninjatrader, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Ninjatrader on a non-Traders Union client?

Anyone can leave feedback about Ninjatrader on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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